Transactions | Dec 21, 2022 CK Asset pays $1b for second Hong Kong residential site by Andrea Zander CK Asset Holdings has paid $1 billion for a residential development site in Hong Kong’s Kai Tak area, according to a Wednesday announcement.
Fundraising | Dec 21, 2022 GLP-backed Monoful Venture Partners holds $96m first close by Andrea Zander Monoful Venture Partners (MVP), a wholly owned subsidiary of GLP, has completed the first close of its maiden fund Monoful Venture Partners I (MVP I) with 12.9 billion yen ($96 million) in commitments. MVP is the venture capital arm of GLP that invests in growth-stage startups in the logistics and real estate ecosystem in Japan.
Investors | Dec 21, 2022 Expect writedowns for U.S. real estate by Jennifer Molloy A recent virtual roundtable with institutional investors, consultants and investment managers held by Institutional Real Estate, Inc. tackled the property market implications of a U.S. recession as the Fed raises interest rates to tame inflation. The in-depth discussion was moderated by Reno Sio, managing director, Asia Pacific, at IREI.
Research | Dec 21, 2022 Growth in construction activity expected to pick up in 2023 by Andrea Zander Growth in construction activity is expected to pick up in 2023, despite the specter of recession in many advanced economies.
Transactions | Dec 21, 2022 Canary Wharf Group and Kadans Science Partner plans to establish 23-storey vertical campus by Released Canary Wharf Group (CWG) and Kadans Science Partner have submitted a planning application for a state-of-the-art commercial health and life sciences building at Canary Wharf, London.
Transactions | Dec 21, 2022 Piedmont Office Realty Trust sells two Cambridge, Mass., assets by Released Piedmont Office Realty Trust has completed the sales of its two Cambridge, Mass. assets.
Transactions | Dec 21, 2022 SEGRO completes flagship West London co-location industrial scheme SEGRO Park Hayes by Released SEGRO Park Hayes, the 239,665-square-foot urban industrial development in West London, has been completed and is almost fully occupied with only one mid-box-sized unit remaining.
Transactions | Dec 21, 2022 Hard Rock completes acquisition of The Mirage Hotel & Casino by Released Hard Rock International (HRI) has received regulatory approval from the Nevada Gaming Commission for its acquisition of The Mirage Hotel & Casino from MGM Resorts International.
People | Dec 21, 2022 Barings boosts European Real Estate team with multiple hires by Released Barings has made several appointments in Germany and the Netherlands in recent months, demonstrating the firm’s ambitions for continued growth across Europe.
Transactions | Dec 20, 2022 Blackstone sells shopping center in Poland for €250m by Andrea Zander NEPI Rockcastle, central and eastern Europe’s largest listed owner, developer and manager of shopping centers by portfolio market value, has acquired the Forum Gdańsk Shopping Center in the northern Polish port city for €250 million ($265 million).
Research | Dec 20, 2022 Asia Pacific real estate investment volumes expected to fall 5% to 10% in 2023 by Released Asia Pacific real estate investment volume is expected to fall 5 percent to 10 percent in 2023, moderating further after a year-on-year decline of 25 percent in 2022. According to JLL, this forecast is due to the tumultuous economic and financing conditions weighing on sentiment.
Transactions | Dec 20, 2022 AXA IM Alts makes first investment into the Spanish healthcare market by Released AXA IM Alts has made its entry into the Spanish healthcare market.
Barings experts discuss risks and opportunities heading into 2023 by Andrea Zander In light of the continued market uncertainty and volatility, Barings’ leading experts discussed the risks and opportunities for commercial real estate debt and equity heading into 2023.
Research | Dec 20, 2022 INREV: Sharp correction for European non-listed real estate performance in Q3 2022 by Released The INREV Quarterly Fund Index has revealed a sharp correction in performance for the European non-listed real estate market in third quarter 2022.
Transactions | Dec 20, 2022 MG Properties acquires $184.6m multifamily deal in San Diego’s Kearny Mesa by Released MG Properties has purchased the multifamily community Domain San Diego in a joint venture with Rockwood Capital for $184.6 million.
Transactions | Dec 20, 2022 Passco Cos. sells Southwest Florida multifamily property for $115m by Released Passco Cos. has sold Longitude 82, a class A+ southwest Florida multifamily property, for $115 million.
Research | Dec 20, 2022 Homebuyers flock to Sun Belt states by Released Nationwide, 24.1 percent of homebuyers looked to move to a different metro during the three months ending in November.
People | Dec 20, 2022 CBRE Investment Management appoints head of asset management logistics Germany by Released CBRE Investment Management (CBRE IM) has appointed Markus Wagenknecht to head of asset management logistics Germany.
Research | Dec 19, 2022 KKR releases 2023 global macro-outlook by Released Investors will likely have an easier time navigating inflation’s negative impact on corporate earnings and consumer balance sheets in 2023 than they did with record high inflation in 2022.
